In a Nutshell: MyRatePlan.com is a leading comparison site that allows consumers to review current rates in eight household categories — wireless plans, credit cards, business and phone services, satellite and cable TV, loans and financial products, insurance, travel, and internet providers. Consumers overspend by tens of billions annually on these common products and services, and MyRatePlan is striving to change that by offering unbiased, comprehensive recommendations based on each consumer’s unique requirements.

If you haven’t shopped around for a new cell phone plan in a few years, chances are you’re overpaying. In fact, MyRatePlan President Logan Abbott says it’s almost guaranteed.

Logan Abbott, MyRatePlan.com President

“If you’ve been in a cell phone plan for more than three years, it’s almost guaranteed that you’ll be able to save money by comparing plans now because the market is vastly different than it was three years ago,” Logan explained.

He’s right. Wireless carriers are competing for your business and changing their plan offerings pretty regularly, and when the competition is stiff, the most alluring thing carriers can do is lower their prices.

So if you’ve been locked into the same wireless plan for a couple years now and haven’t paid it much attention, there’s likely savings to be found.

We Overpay Tens of Billions Annually on Household Services

As a matter of fact, that’s true for a lot of things we commit to pay for monthly, like insurance plans, cable providers, and even loans. You can save a lot of money when you take the time to comparison shop, especially if it’s been a while since you checked competitors’ rates, or even what your current provider is now charging for the same service.

According to the MyRatePlan website, “Consumers overspend by tens of billions of dollars per year on household services as many are unaware of price changes or reductions that can improve their monthly household budget. Generally, the providers of these services do not make their customers aware of price decreases.”

“They’re not going to come to you and offer to lower your bill,” Logan said.

MyRatePlan is Regularly Updated to Show Current Rates in 8 Categories

Originally founded as a wireless plan comparison service in 1999, MyRatePlan.com now allows you to compare the most up-to-date rates in eight different categories:

Wireless Plans

Credit Cards

Business and Residential Phone Service

Satellite and Cable TV

Loans and Financial Products

Insurance

Travel

Internet Providers

“Anytime something changes in the industry we always update the site so that all of the information is current. We’re always improving the tool, so if the market changes where something becomes standard like new features to a plan, that will be incorporated into the tool,” Logan said.

MyRatePlan Provides Unbiased, Comprehensive Information to Help You Save

Something that makes MyRatePlan superior to other comparison tools is its ability to show you a comprehensive list of services for every plan in a user’s market – not just ones sold through the site — and you don’t have to enter any personally identifying information for the tool to locate your results, except in the case of internet and cable providers, which requires your home address.

Though online purchasing is irrefutably convenient, it’s easy for questions to remain unanswered about a particular product or service when the face-to-face interaction is removed. MyRatePlan strives to answer all questions a consumer may have, easing consumer’s reservations about online purchasing.

“Consumers often must sort through multiple offerings from multiple providers to find the rate plan or features that make the most sense for their unique needs. MyRatePlan’s solutions leverage the Internet’s ability to disseminate customized information. Our dynamic rate calculators and information give consumers the unbiased answers they need in this environment, making them more comfortable with an online purchase,” according to its website.

With a Business Line, Substantial Savings Can be Found With VoIPs

Logan told us that besides cell phone plans, business phone service is the category consumers often find substantial savings in by means of Voice over IPs, or VoIPs.

“With business phone service we’re working with a lot of providers with Voice over IP, which is something a lot of people aren’t super aware of. So instead of going with your local phone company, you can sign up under a Voice over IP that runs through your broadband connection instead of a telephone line,” Logan explained. “You can save a lot of money and there are a lot of additional features that are all configurable via an online dashboard.”

Visit MyRatePlan Today & See How Much You Could Save

Today, MyRatePlan is part of a network of around 30 sites dedicated to providing rate comparisons, news, and information in a variety of verticals including Wirefly.com, SourceForge.net, and Slashdot.org.

To see how much you could be saving, visit MyRatePlan.com today for a customized list of providers in your area.

Editorial Note: Opinions expressed here are the author's alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Toby has served as a credit-card industry analyst and financial editor since 2003, bringing an extensive background and knowledge base to the CardRates.com team. He specializes in helping consumers find the best deals possible for their credit card needs, as well as creating tools and content that help users get the most out of their cards. He holds a Bachelor of Science degree from University of Florida and is the founder of Digital Brands Inc.

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